Agora (NASDAQ:API) CEO Bin Zhao Purchases 9,364 Shares of Stock

Agora, Inc. Sponsored ADR (NASDAQ:API) CEO Bin Zhao purchased 9,364 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The shares were bought at an average cost of $4.15 per share, for a total transaction of $38,860.60. Following the completion of the purchase, the chief executive officer directly owned 2,052,413 shares of the company’s stock, valued at $8,517,513.95. The trade was a 0.46% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bin Zhao also recently made the following trade(s):

• On Friday, October 9th, Bin Zhao purchased 5,301 shares of Agora stock. The stock was bought at an average cost of $4.08 per share, with a total value of $21,628.08.
• On Thursday, October 8th, Bin Zhao acquired 9,956 shares of Agora stock. The stock was bought at an average price of $4.06 per share, with a total value of $40,421.36.
• On Wednesday, October 7th, Bin Zhao acquired 9,837 shares of Agora stock. The stock was bought at an average price of $4.13 per share, with a total value of $40,626.81.
• On Tuesday, October 6th, Bin Zhao acquired 9,773 shares of Agora stock. The shares were purchased at an average cost of $4.19 per share, for a total transaction of $40,948.87.
• On Monday, October 5th, Bin Zhao acquired 9,713 shares of Agora stock. The stock was purchased at an average price of $4.18 per share, for a total transaction of $40,600.34.
• On Friday, October 2nd, Bin Zhao acquired 9,065 shares of Agora stock. The stock was purchased at an average price of $4.11 per share, for a total transaction of $37,257.15.
• On Thursday, October 1st, Bin Zhao bought 9,300 shares of Agora stock. The stock was purchased at an average cost of $4.13 per share, with a total value of $38,409.00.
• On Wednesday, September 30th, Bin Zhao bought 9,633 shares of Agora stock. The stock was purchased at an average cost of $4.18 per share, with a total value of $40,265.94.
• On Monday, September 28th, Bin Zhao bought 9,804 shares of Agora stock. The shares were purchased at an average price of $4.14 per share, with a total value of $40,588.56.
• On Friday, September 25th, Bin Zhao bought 9,525 shares of Agora stock. The shares were purchased at an average price of $4.22 per share, with a total value of $40,195.50.

Agora Trading Up 7.5%

Shares of API opened at $4.42 on Wednesday. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.18. Agora, Inc. Sponsored ADR has a 12-month low of $3.14 and a 12-month high of $5.49. The firm has a market capitalization of $385.95 million, a PE ratio of 40.19 and a beta of 0.75. The stock’s fifty day simple moving average is $4.22 and its 200-day simple moving average is $4.07.

Agora (NASDAQ:API) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.22. The business had revenue of $40.42 million for the quarter, compared to analysts’ expectations of $40.44 million. Agora had a return on equity of 1.96% and a net margin of 7.23%. As a group, research analysts predict that Agora, Inc. Sponsored ADR will post 0.14 earnings per share for the current year.

Agora News Summary

Here are the key news stories impacting Agora this week:

• Positive Sentiment: The repeated purchases—each disclosed in SEC filings and generally worth $24,000 to $58,000—suggest that the CEO views Agora’s valuation as attractive and has confidence in the company’s prospects. The buying continued as shares traded in the roughly $4 range, creating a potentially supportive signal for investors. SEC insider ownership filing
• Positive Sentiment: Agora’s shares have recently traded above both their 50-day and 200-day moving averages, while volume has been above average, indicating improving near-term trading momentum. The company also previously exceeded quarterly EPS expectations, although revenue was essentially in line with forecasts.
• Neutral Sentiment: Recent articles provide comparative reviews of Agora versus Consensus Cloud Solutions and BlackBerry. They do not identify a new contract, earnings update, analyst upgrade, or other company-specific catalyst, so their direct effect on API shares appears limited. Consensus Cloud Solutions versus Agora review Agora and BlackBerry comparison

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in API. AXQ Capital LP acquired a new position in shares of Agora in the 2nd quarter valued at $55,000. Public Employees Retirement System of Ohio bought a new position in shares of Agora in the 2nd quarter worth $101,000. Finally, Headlands Technologies LLC grew its stake in shares of Agora by 25.8% during the second quarter. Headlands Technologies LLC now owns 48,795 shares of the company’s stock worth $195,000 after purchasing an additional 10,021 shares during the period. Institutional investors and hedge funds own 40.40% of the company’s stock.

Analysts Set New Price Targets

API has been the topic of several recent research reports. Wall Street Zen lowered shares of Agora from a “buy” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings upgraded shares of Agora from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Finally, Bank of America boosted their price target on shares of Agora from $6.60 to $6.80 and gave the stock a “buy” rating in a research note on Friday, August 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.80.

Agora Company Profile

Agora, Inc (NASDAQ: API) provides real-time engagement technology that enables developers and businesses to add live voice, video, interactive broadcasting and messaging capabilities to applications and digital services. Its platform is delivered primarily through application programming interfaces (APIs) and software development kits (SDKs), allowing customers to integrate communications features without building the underlying infrastructure themselves.

The company’s offerings support use cases such as video conferencing, online education, telehealth, social and interactive entertainment, customer engagement, gaming and virtual events.